MIRA
INFORM REPORT
|
Report Date : |
11.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
Orana Viet nam Co., Ltd |
|
|
|
|
Registered Office : |
Lot 3, Road D4, Area A5, Tan Thoi Hiep Industrial Zone, Hiep Thanh
Ward, 12 District, Ho Chi Minh City |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishment : |
2002 |
|
|
|
|
Legal Form : |
Joint venture - Limited liability company |
|
|
|
|
Line of Business : |
Manufacturing and supplying of fruit based raw materials. |
|
|
|
|
No. of Employees : |
100 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Vietnam |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
VIETNAM - ECONOMIC OVERVIEW
Vietnam is a densely-populated developing country that has
been transitioning from the rigidities of a centrally-planned economy since
1986. Vietnamese authorities have reaffirmed their commitment to economic
modernization in recent years. Vietnam joined the World Trade Organization in
January 2007, which has promoted more competitive, export-driven industries.
Vietnam became an official negotiating partner in the Trans-Pacific Partnership
trade agreement in 2010. Agriculture's share of economic output has continued
to shrink from about 25% in 2000 to less than 22% in 2012, while industry's
share increased from 36% to nearly 41% in the same period. State-owned
enterprises account for roughly 40% of GDP. Poverty has declined significantly,
and Vietnam is working to create jobs to meet the challenge of a labor force
that is growing by more than one million people every year. The global
recession hurt Vietnam's export-oriented economy, with GDP in 2012 growing at
5%, the slowest rate of growth since 1999. In 2012, however, exports increased
by more than 18%, year-on-year; several administrative actions brought the
trade deficit back into balance. Between 2008 and 2011, Vietnam's managed
currency, the dong, was devalued in excess of 20%, but its value remained
stable in 2012. Foreign direct investment inflows fell 4.5% to $10.5 billion in
2012. Foreign donors have pledged $6.5 billion in new development assistance
for 2013. Hanoi has oscillated between promoting growth and emphasizing macroeconomic
stability in recent years. In February 2011, the Government shifted policy away
from policies aimed at achieving a high rate of economic growth, which had
stoked inflation, to those aimed at stabilizing the economy, through tighter
monetary and fiscal control. Although Vietnam unveiled a broad, "three
pillar" economic reform program in early 2012, proposing the restructuring
of public investment, state-owned enterprises, and the banking sector, little
perceptible progress had been made by early 2013. Vietnam's economy continues
to face challenges from an undercapitalized banking sector. Non-performing
loans weigh heavily on banks and businesses. In September 2012, the official
bad debt ratio climbed to 8.8%, though some independent analysts believe it could
be higher than 15%.
|
Source
: CIA |
|
Current legal status |
||
|
English Name |
|
ORANA VIET NAM
CO., LTD |
|
Vietnamese Name |
|
CONG TY LIEN
DOANH ORANA VIET NAM |
|
Trade name |
|
ORANA VIETNAM
LTD |
|
Type of Business |
|
Joint venture - Limited liability company |
|
Year Established |
|
2002 |
|
Investment Certificate No |
|
412022000280 |
|
Date of Issuance |
|
15 Jan 2009 |
|
The the latest(03rd)
adjustment |
|
20 Jan 2012 |
|
Place of Issuance |
|
Hochiminh city Export Processing and Industrial Zones Authority |
|
Registered Investment Capital |
|
USD 3,360,287 |
|
Chartered capital |
|
USD 419,162 |
|
Investment Duration |
|
46 years |
|
Tax code |
|
0302675288 |
|
Total Employees |
|
100 |
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Investment Certificate No: 139/GP-KCN-HCM
Changed to: 412022000280 |
15 Jan 2009 |
|
Head Office |
||
|
Address |
|
Lot 3, Road D4, Area A5, Tan Thoi Hiep Industrial Zone, Hiep Thanh
Ward, 12 District, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 3717 6310 – 73717 6312 |
|
Fax |
|
(84-8) 3717 6311 |
|
Email |
|
|
|
1. NAME |
|
Ms. LENE
CHRISTENSEN |
|
Position |
|
General Director |
|
Date of Birth |
|
27 Mar 1967 |
|
ID Number/Passport |
|
203463469 |
|
ID Issue Date |
|
06 Aug 2008 |
|
ID Issue Place |
|
Denmark |
|
Resident |
|
Lindevej 35 Stuen, 5250 Odense SV , Denmark |
|
Current resident |
|
River Garden, 170 Nguyen Van Huong Str, Thao Dien Ward , District 2,
Ho Chi Minh City, Vietnam |
|
Nationality |
|
Danish |
|
Tel/Mobil phone |
|
+84(0) 1226769109 |
|
Email |
|
|
|
|
||
|
2. NAME |
|
Mr. NIELS OLAF
OSTERBERG |
|
Position |
|
Chairman |
|
Date of Birth |
|
27 May 1954 |
|
ID Number/Passport |
|
204861905 |
|
ID Issue Date |
|
15 Sep 2011 |
|
ID Issue Place |
|
Denmark |
|
Resident |
|
Planen 1, DK-5300 Kerteminde , Denmark |
|
Nationality |
|
Danish |
|
|
||
|
3. NAME |
|
Ms. DO THI ANH |
|
Position |
|
Chief Accountant |
|
Nationality |
|
Vietnamese |
Manufacturing and supplying fruit based raw
materials. It is able to supply various products to the catering sector,
hereunder:
• Whipping Cream
• Portion Packed Jam
• Jam in Bulk
• Pasteurised Juice / Breakfast Juice in Bulk
|
IMPORT: |
||
|
Types of products |
|
Fruit |
|
Market |
|
The subject imports materials from China, Thailand, Denmark,
Singapore... |
|
|
||
|
EXPORT: |
||
|
Types of products |
|
Its products |
|
Market |
|
Products of the subject have been exported to Philippines, Singapore,
Malaysia, Kuwait, Middle East countries… |
|
BANK FOR
INVESTMENT AND DEVELOPMENT OF VIETNAM HOCHIMINH CITY BRANCH |
||
|
Address |
|
No. 134 Nguyen Cong Tru Street, District 1, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 3823 0125 /3829 7384 |
|
Fax |
|
(84-8) 3829 8862 |
|
SWIFT Code |
|
BIDVVNVX310 |
|
1. NAME |
|
ORANA A/S |
|
Establishment Decision No: |
|
21624306 |
|
Date Of Issuance |
|
14 Apr 1999 |
|
Place Of Issuance |
|
Denmark |
|
Address |
|
Rynkebyvej 2435350 Rynkeby, Denmark |
|
Tel |
|
+ 45 63 62 35 75 |
|
Fax |
|
+ 45 65 39 15 74 |
|
Email |
|
|
|
Website |
|
|
|
Representative
person |
|
Mr. NIELS OLAF
OSTERBERG |
|
Capital |
|
189,461.12 USD |
|
Percentage |
|
45.2% |
|
|
||
|
2. NAME |
|
PHU CONG MINH
PRODUCING TRADING SERVICES COMPANY LIMITED (translated) |
|
Vietnamese Name |
|
CONG TY TNHH SAN XUAT THUONG MAI DICH VU PHU CONG MINH |
|
Short name |
|
P.C.M CO., LTD |
|
Business code |
|
0300953412 (former No. 4102011110) |
|
Place of Registration |
|
Business registration office - Planning and Investment Department of
Ho Chi Minh City |
|
Address |
|
No.9 Tran Doan Khanh Str, Dakao Ward, District 1, Ho Chi Minh City,
Vietnam |
|
Tel |
|
(84-8) 38293838, 39101968, 39101969, 38229364 |
|
Fax |
|
(84-8) 38242901, 38233729 |
|
Email |
|
|
|
Representative
person |
|
Mr. NGUYEN HUU
CHI |
|
Capital |
|
41,496.93 USD |
|
Percentage |
|
9.9% |
|
|
||
|
3. NAME |
|
THE
INDUSTRIALIZATION FUND FOR DEVELOPING COUNTRIES (IFU) |
|
Establishment Decision No: |
|
CVR No. 23 59 86 12 |
|
Date Of Issuance |
|
07 Jun 1967 |
|
Place Of Issuance |
|
Denmark |
|
Address |
|
Fredericiagade 27 1310, Denmark |
|
Tel |
|
+45 33 63 75 00 |
|
Fax |
|
+45 33 63 75 99 |
|
Representative
person |
|
Mr. ANDERS
PALUDAN MULLER |
|
Capital |
|
188,203.95 USD |
|
Percentage |
|
44.9% |
|
|
||
|
BALANCE SHEET |
|||
|
Unit: One VND |
|||
|
Balance sheet
date |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
Number of weeks |
52 |
52 |
52 |
|
ASSETS |
|||
|
A – CURRENT
ASSETS |
74,016,000,000 |
71,774,048,067 |
46,815,000,000 |
|
I. Cash and cash
equivalents |
10,517,000,000 |
7,312,925,727 |
9,091,000,000 |
|
1. Cash |
10,517,000,000 |
7,312,925,727 |
6,091,000,000 |
|
2. Cash equivalents |
0 |
0 |
3,000,000,000 |
|
II. Short-term investments |
0 |
0 |
0 |
|
1. Short-term investments |
0 |
0 |
0 |
|
2. Provisions for devaluation of short-term investments |
0 |
0 |
0 |
|
III. Accounts
receivable |
32,601,000,000 |
34,484,771,162 |
9,911,000,000 |
|
1. Receivable from customers |
5,594,000,000 |
3,829,078,139 |
4,321,000,000 |
|
2. Prepayments to suppliers |
1,966,000,000 |
101,565,953 |
797,000,000 |
|
3. Inter-company receivable |
13,017,000,000 |
24,741,436,595 |
409,000,000 |
|
4. Receivable according to the progress of construction |
0 |
0 |
0 |
|
5. Other receivable |
12,059,000,000 |
5,812,690,475 |
4,384,000,000 |
|
6. Provisions for bad debts |
-35,000,000 |
0 |
0 |
|
IV. Inventories |
29,214,000,000 |
27,858,013,807 |
26,983,000,000 |
|
1. Inventories |
29,589,000,000 |
28,091,446,857 |
27,018,000,000 |
|
2. Provisions for devaluation of inventories |
-375,000,000 |
-233,433,050 |
-35,000,000 |
|
V. Other Current
Assets |
1,684,000,000 |
2,118,337,371 |
830,000,000 |
|
1. Short-term prepaid expenses |
603,000,000 |
438,548,651 |
152,000,000 |
|
2. VAT to be deducted |
715,000,000 |
1,092,388,020 |
0 |
|
3. Taxes and other accounts receivable from the State |
0 |
0 |
0 |
|
4. Other current assets |
366,000,000 |
587,400,700 |
678,000,000 |
|
B. LONG-TERM
ASSETS |
31,292,000,000 |
32,982,080,487 |
25,740,000,000 |
|
I. Long term
accounts receivable |
0 |
0 |
0 |
|
1. Long term account receivable from customers |
0 |
0 |
0 |
|
2. Working capital in affiliates |
0 |
0 |
0 |
|
3. Long-term inter-company receivable |
0 |
0 |
0 |
|
4. Other long-term receivable |
0 |
0 |
0 |
|
5. Provisions for bad debts from customers |
0 |
0 |
0 |
|
II. Fixed assets
|
26,897,000,000 |
28,849,312,199 |
22,346,000,000 |
|
1. Tangible assets |
26,897,000,000 |
20,511,557,699 |
22,000,000,000 |
|
- Historical costs |
41,776,000,000 |
32,192,676,210 |
30,693,000,000 |
|
- Accumulated depreciation |
-14,879,000,000 |
-11,681,118,511 |
-8,693,000,000 |
|
2. Financial leasehold assets |
0 |
0 |
0 |
|
- Historical costs |
56,000,000 |
0 |
0 |
|
- Accumulated depreciation |
-56,000,000 |
0 |
0 |
|
3. Intangible assets |
0 |
5,556,784 |
17,000,000 |
|
- Initial costs |
0 |
55,567,750 |
56,000,000 |
|
- Accumulated amortization |
0 |
-50,010,966 |
-39,000,000 |
|
4. Construction-in-progress |
0 |
8,332,197,716 |
329,000,000 |
|
III. Investment
property |
0 |
0 |
0 |
|
Historical costs |
0 |
0 |
0 |
|
Accumulated depreciation |
0 |
0 |
0 |
|
IV. Long-term
investments |
0 |
0 |
0 |
|
1. Investments in affiliates |
0 |
0 |
0 |
|
2. Investments in business concerns and joint ventures |
0 |
0 |
0 |
|
3. Other long-term investments |
0 |
0 |
0 |
|
4. Provisions for devaluation of long-term investments |
0 |
0 |
0 |
|
V. Other long-term
assets |
4,395,000,000 |
4,132,768,288 |
3,394,000,000 |
|
1. Long-term prepaid expenses |
1,818,000,000 |
2,157,855,952 |
1,838,000,000 |
|
2. Deferred income tax assets |
2,577,000,000 |
1,974,912,336 |
1,556,000,000 |
|
3. Other long-term assets |
0 |
0 |
0 |
|
VI. Goodwill |
|
0 |
|
|
1. Goodwill |
|
0 |
|
|
TOTAL ASSETS |
105,308,000,000 |
104,756,128,554 |
72,555,000,000 |
|
|
|||
|
LIABILITIES |
|||
|
A- LIABILITIES |
74,677,000,000 |
74,836,039,733 |
45,402,000,000 |
|
I. Current liabilities |
67,001,000,000 |
56,489,278,534 |
39,243,000,000 |
|
1. Short-term debts and loans |
19,376,000,000 |
16,319,762,570 |
11,579,000,000 |
|
2. Payable to suppliers |
3,560,000,000 |
5,424,556,726 |
1,690,000,000 |
|
3. Advances from customers |
0 |
5,591,972,615 |
0 |
|
4. Taxes and other obligations to the State Budget |
12,370,000,000 |
0 |
5,163,000,000 |
|
5. Payable to employees |
0 |
0 |
235,000,000 |
|
6. Accrued expenses |
30,184,000,000 |
21,854,109,922 |
15,064,000,000 |
|
7. Inter-company payable |
1,047,000,000 |
6,883,955,223 |
4,699,000,000 |
|
8. Payable according to the progress of construction contracts |
0 |
0 |
0 |
|
9. Other payable |
464,000,000 |
414,921,478 |
813,000,000 |
|
10. Provisions for short-term accounts payable |
0 |
0 |
0 |
|
11. Bonus and welfare funds |
|
|
|
|
II. Long-Term
Liabilities |
7,676,000,000 |
18,346,761,199 |
6,159,000,000 |
|
1. Long-term accounts payable to suppliers |
0 |
0 |
0 |
|
2. Long-term inter-company payable |
0 |
0 |
0 |
|
3. Other long-term payable |
0 |
0 |
0 |
|
4. Long-term debts and loans |
7,576,000,000 |
18,180,764,590 |
5,894,000,000 |
|
5. Deferred income tax payable |
0 |
165,996,609 |
0 |
|
6. Provisions for unemployment allowances |
100,000,000 |
0 |
265,000,000 |
|
7. Provisions for long-term accounts payable |
0 |
0 |
0 |
|
8. Unearned Revenue |
|
|
|
|
9. Science and technology development fund |
|
|
|
|
B- OWNER’S
EQUITY |
30,631,000,000 |
29,920,088,821 |
27,153,000,000 |
|
I. OWNER’S
EQUITY |
30,631,000,000 |
29,920,088,821 |
27,153,000,000 |
|
1. Capital |
6,453,000,000 |
4,706,829,118 |
6,453,000,000 |
|
2. Share premiums |
0 |
0 |
0 |
|
3. Other sources of capital |
0 |
0 |
0 |
|
4. Treasury stocks |
0 |
0 |
0 |
|
5. Differences on asset revaluation |
0 |
0 |
0 |
|
6. Foreign exchange differences |
-4,076,000,000 |
0 |
0 |
|
7. Business promotion fund |
0 |
0 |
0 |
|
8. Financial reserved fund |
0 |
0 |
0 |
|
9. Other funds |
0 |
0 |
0 |
|
10. Retained earnings |
28,254,000,000 |
25,213,259,703 |
20,700,000,000 |
|
11. Construction investment fund |
0 |
0 |
0 |
|
12. Business arrangement supporting fund |
|
|
|
|
II. Other
sources and funds |
0 |
0 |
0 |
|
1. Bonus and welfare funds (Elder form) |
0 |
0 |
0 |
|
2. Sources of expenditure |
0 |
0 |
0 |
|
3. Fund to form fixed assets |
0 |
0 |
0 |
|
MINORITY’S
INTEREST |
0 |
0 |
|
|
TOTAL
LIABILITIES AND OWNER’S EQUITY |
105,308,000,000 |
104,756,128,554 |
72,555,000,000 |
|
PROFIT &
LOSS STATEMENT |
|||
|
Description |
FY2011 |
FY2010 |
FY2009 |
|
1. Total Sales |
127,457,000,000 |
108,875,231,907 |
100,775,000,000 |
|
2. Deduction item |
76,000,000 |
231,511,780 |
50,000,000 |
|
3. Net revenue |
127,381,000,000 |
108,643,720,127 |
100,725,000,000 |
|
4. Costs of goods sold |
100,660,000,000 |
83,945,278,360 |
76,001,000,000 |
|
5. Gross profit |
26,721,000,000 |
24,698,441,767 |
24,724,000,000 |
|
6. Financial income |
2,070,000,000 |
212,613,027 |
1,089,000,000 |
|
7. Financial expenses |
4,283,000,000 |
2,394,346,785 |
4,101,000,000 |
|
- In which: Loan interest expenses |
1,875,000,000 |
1,295,767,274 |
|
|
8. Selling expenses |
9,137,000,000 |
8,243,777,348 |
7,221,000,000 |
|
9. Administrative overheads |
12,234,000,000 |
9,945,246,155 |
8,519,000,000 |
|
10. Net operating
profit |
3,137,000,000 |
4,327,684,506 |
5,972,000,000 |
|
11. Other income |
304,000,000 |
80,655,411 |
916,000,000 |
|
12. Other expenses |
292,000,000 |
43,820,387 |
235,000,000 |
|
13. Other profit
/(loss) |
12,000,000 |
36,835,024 |
681,000,000 |
|
14. Total
accounting profit before tax |
3,149,000,000 |
4,364,519,530 |
6,653,000,000 |
|
15. Current corporate income tax |
711,000,000 |
269,466,363 |
395,000,000 |
|
16. Deferred corporate income tax |
-602,000,000 |
-418,652,336 |
-79,000,000 |
|
17. Interest from subsidiaries/related companies |
|
|
|
|
18. Profit after
tax |
3,040,000,000 |
4,513,705,503 |
6,337,000,000 |
|
FINANCIAL RATIOS
AND AVERAGE INDUSTRY RATIOS |
||||
|
Description |
FY2011 |
FY2010 |
FY2009 |
Average Industry |
|
Current liquidity ratio |
1.10 |
1.27 |
1.19 |
2.04 |
|
Quick liquidity ratio |
0.67 |
0.78 |
0.51 |
1.33 |
|
Inventory circle |
3.53 |
3.06 |
2.82 |
6.81 |
|
Average receive period |
93.42 |
115.86 |
35.91 |
52.60 |
|
Utilizing asset performance |
1.21 |
1.04 |
1.39 |
1.54 |
|
Liability by total assets |
70.91 |
71.44 |
62.58 |
44.44 |
|
Liability by owner's equity |
243.80 |
250.12 |
167.21 |
202.39 |
|
Ebit / Total assets (ROA) |
4.77 |
5.40 |
9.17 |
19.07 |
|
Ebit / Owner's equity (ROE) |
16.40 |
18.92 |
24.50 |
64.33 |
|
Ebit / Total revenue (NPM) |
3.94 |
5.20 |
6.60 |
14.35 |
|
Gross profit / Total revenue (GPM) |
20.96 |
22.69 |
24.53 |
23.86 |
|
Note: The Average Industry was calculated
by VietnamCredit based on our own statistical data |
||||
|
Trade Morality |
|
Fair |
|
Liquidity |
|
Low |
|
Payment status |
|
Average |
|
Financial Situation |
|
Average |
|
Development trend |
|
Stable |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
Direct payment or through its corresponding bank, (L/C, T/T, D/P) |
|
Sale Methods |
|
Wholesaler |
|
Public opinion |
|
Normal |
ORANA VIETNAM
CO.,LTD is a joint venture company which was established in 2002 to establish a
production plant, and R&D centre in Vietnam. The subject is producing Fruit
Topping and fruit based raw materials and semi-manufactures to the beverage
industry, dairies. The subject also produces Halal certified Mango Fruit
Topping for Ice Cream and Kiwi Fruit Topping.
Orana Vietnam’s
factory located in Tan Thoi Hiep Industrial Zone in Ho Chi Minh City has
favorable environment for the company complying with international standards.
An innovative waste water treatment system using sun collector and an
evaporator have been installed, stable process of production. Capility of the
subject is 50,000 tons/year including marmalade, strawberry jam, raspberry jam,
squeeze juice, jam, syrup, surface coating, grinding fruit. The subject export
about 70% of finished product exported,
and the rest are consumed indomestic market.
The Vietnam
partner- PHU CONG MINH is a company with a decade long history of food
processing that has the origin from pork, beef and poultry. PCM’s trademark of
Le Cochon d’Or is well known within the ranks of international restaurants,
five star hotels, airlines catering, bakeries and food processing companies.
The strong points
of the subject are good fund of knowledge of local market and more than 70
years of experience in the business of fruit and taste of Orana A/S, one of the
largest Danish suppliers of fruit based raw materials.
The presence of
Orana Vietnam has resulted in the development of a wide range of exotic fruit
based raw materials such as Durian, Sweet Sop/Sour Sop, Dragon Fruit,
Jackfruit, etc. The company has grown up quickly in Vietnam. Its annual revenue
is stable.
In general, the subject has gained a fairly good reputation in the industry. The financial capacity of the subject are normal. Its business activities are fairly busy. Currently, the subject is operating normally. It has capacity to meet all normal financial commitments.
INDUSTRY DATA
|
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|
|
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|
Industry code |
GDP growth speed by price compared with 1994 (%) |
Total enterprises 2010 |
Total employees 2011 (Thous.pers.) |
Annual average capital of enterprises 2010 (billion dongs) |
||
|
2012 |
2011 |
|||||
|
Agriculture, Forestry and Fishing |
2.72 |
4.00 |
8,887 |
24,362.9 |
95,227 |
|
|
Industry and Construction |
4.52 |
5.53 |
95,217 |
10,718.9 |
3,641,376 |
|
|
Trade and Services |
6.42 |
6.69 |
187,195 |
15,270.2 |
6,957,082 |
|
|
|
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ECONOMIC INDICATORS
|
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|
|
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|
|
2012 |
2011 |
2010 |
|||
|
Population
(Million person) |
88.78 |
87.84 |
86.93 |
|||
|
Gross
Domestic Products (USD billion) |
136 |
119 |
102.2 |
|||
|
GDP Growth
(%) |
5.03 |
5.89 |
6.78 |
|||
|
GDP Per
Capita (USD/person/year) |
1,540 |
1,300 |
1,160 |
|||
|
Inflation
(% Change in Composite CPI) |
9.21 |
18.58 |
11.75 |
|||
|
State
Budget Deficit compared with GDP (%) |
4.8 |
4.9 |
5.8 |
|||
|
|
||||||
SERVICE TRADE PERFORMANCE
|
||||||
|
|
||||||
|
Billion USD |
2012 |
2011 |
2010 |
|||
|
Exports |
114.6 |
96.3 |
72.2 |
|||
|
Imports |
114.3 |
105.8 |
84.8 |
|||
|
Trade
Balance |
0.3 |
-9.5 |
-12.6 |
|||
Source: General Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.54 |
|
|
1 |
Rs.84.19 |
|
Euro |
1 |
Rs.71.11 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.